Corporate loan and factoring

A corporate loan, i.e. a credit or loan product granted to your Business ID, cannot be handled in our bookkeeping, nor can it be deducted in bookkeeping, even if it is an otherwise deductible cost. Our service uses single-entry bookkeeping that cannot handle corporate loans.

If you need financing for your company, for example, for investments, our service is not suitable for your use.

Invoice financing or factoring, i.e. selling invoices to a finance company

Selling invoices to a finance company can speed up payments and ease your company's cash flow. From a bookkeeping point of view, invoice financing is allowed in situations where the financing company bears the responsibility for the solvency of the end customer, i.e. the invoice is sold to the financing company.

Another common way for invoice financing is to ask for an invoice, i.e. accounts receivable for credit. In this case, the responsibility for the end customer's solvency remains with you. This procedure cannot be done in our service.

Please contact our customer service if you are planning on an invoice financing agreement

Please let us know at the chat customer service if you are about to introduce invoice financing or are selling your invoices to a finance company. We will figure out your eligibility to use invoice financing as our customer.